" ESA’s latest Business Incubation Centre has opened in Portugal, ready to help entrepreneurs and start-up companies take space technology and services into non-space areas such as health, transport and energy.

Over the coming five years, the centre will help 30 Portuguese start-up companies to get their businesses going, creating at least 120 local high-tech jobs.

The companies will receive €1.5 million as seed incentive and be able to tap into an additional €7 million."